This document summarizes a report on the microgrid controller market from 2019 to 2024. It finds that the market is expected to grow from $6.1 billion in 2019 to $12.6 billion by 2024 at a CAGR of 15.65% due to rising demand for microgrids and renewable energy. Hardware is currently the largest offering, while grid-connected microgrids are growing faster. The Asia Pacific region is projected to have the highest growth rate. Key players in the market include Schneider Electric, General Electric, ABB, Siemens, and Honeywell International.

1. Microgrid Controller Market by Connectivity, Future Demands, and Key Players, 2024

2. Scope of The Report
Research report categorizes the Microgrid Controller Market
based on Connectivity, Offering, Vertical and Geography.
And More…
By Connectivity
• Grid connected
• Remote
By Offering
• Hardware
• Software
• Services

3. Key Segments
Microgrid controller market in APAC is expected to grow at the highest
CAGR from 2019 to 2024.
The growth of this market is being fueled by the rising demand for
microgrids and increasing shift toward usage of renewable energy
sources and reducing carbon footprint.
Browse 64 market data Tables and 50 Figures spread through 151
Pages and in-depth TOC on "Microgrid Controller Market - Global
Forecast to 2024"
Based on offering, hardware is expected to account for the major share
of the microgrid controller market during the forecast period.
Grid connected microgrids are expected to grow at a higher CAGR in the
global microgrid controller market.
The overall microgrid controller market is expected to grow from USD 6.1
billion in 2019 to USD 12.6 billion by 2024, at a CAGR of 15.65% from
2019 to 2024.1
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4. Microgrid Controller Market Growth Rate
2024
Market Size of $
6.1 billion
Market Size of
$ 12.6 billion
2019
CAGR of 15.65%

5. Key Vendors
Vendors
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grid-controller-market-103650618.html
• Schneider Electric (France)
• General Electric (US)
• ABB (US)
• Siemens (Germany)
• Schweitzer Engineering Laboratories (US)
• Eaton Corporation (Ireland)
• Honeywell International (US)
• Lockheed Martin (US)

6. Top Region..
• North America
• Europe
• APAC
• RoW
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618.html

7. 1. Where will all the developments take the industry in the mid-to-long term?
2. What are the upcoming products and technologies in the microgrid controller market?
3. Who are the key market players and what are the strategies adopted by them?
4. What are the fastest- or highest-growing segments in the microgrid controller market?
Key Questions Answered in Our Report
5. What are the major drivers, restraints, opportunities, and challenges for the microgrid
controller market?

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